DynaResource Announces Credit Line Facility Expansion and Offtake Extension
DynaResource (OTCQX: DYNR) has secured an enhanced credit facility and offtake extension with Ocean Partners UK Limited. The new credit facility increases from $12.5 million to $15.0 million, featuring a 6-month grace period on principal repayments and an interest rate of 3M SOFR + 6.75%.
The company also extended its offtake agreement for gold concentrate from the San Jose de Gracia Mine through December 31, 2030, with improved gold payability terms. The credit facility will be repaid in 18 equal monthly installments after the grace period and includes security measures such as parent company guarantee and share pledge of DynaResource de Mexico SA de CV.
DynaResource (OTCQX: DYNR) ha ottenuto un ampliamento della linea di credito e l鈥檈stensione dell鈥檃ccordo di offtake con Ocean Partners UK Limited. La nuova linea di credito passa da $12.5 milioni a $15.0 milioni, con un periodo di grazia di 6 mesi per il rimborso del capitale e un tasso d鈥檌nteresse pari a 3M SOFR + 6,75%.
La societ脿 ha inoltre prorogato l鈥檃ccordo di offtake per il concentrato d鈥檕ro della miniera San Jose de Gracia fino al 31 dicembre 2030, con condizioni di pagabilit脿 dell鈥檕ro migliorate. La linea di credito sar脿 rimborsata in 18 rate mensili uguali dopo il periodo di grazia e prevede garanzie, tra cui la fideiussione della capogruppo e il pegno sulle azioni di DynaResource de Mexico SA de CV.
DynaResource (OTCQX: DYNR) ha asegurado una ampliaci贸n de su l铆nea de cr茅dito y la pr贸rroga del acuerdo de offtake con Ocean Partners UK Limited. La nueva l铆nea de cr茅dito aumenta de $12.5 millones a $15.0 millones, con un periodo de gracia de 6 meses para el pago del principal y una tasa de inter茅s de 3M SOFR + 6.75%.
La compa帽铆a tambi茅n extendi贸 su contrato de offtake del concentrado de oro de la mina San Jose de Gracia hasta el 31 de diciembre de 2030, con condiciones de pago del oro mejoradas. La l铆nea de cr茅dito se amortizar谩 en 18 cuotas mensuales iguales tras el periodo de gracia e incluye medidas de garant铆a, como la fianza de la empresa matriz y la prenda de acciones de DynaResource de Mexico SA de CV.
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霕愴暅 須岇偓電� San Jose de Gracia 甏戩偘鞚� 旮� 雴嶌稌氍检棎 雽�頃� 鞓ろ攧韰岇澊韥� 瓿勳暯鞚� 2030雲� 12鞗� 31鞚�旯岇 鞐办灔頄堨溂氅�, 旮� 歆�旮� 臁瓣贝鞚� 臧滌劆霅橃棃鞀惦媹雼�. 鞁犾毄 頃滊弰電� 鞙犾槇 旮瓣皠 膦呺 頉� 18須� 霃欖澕頃� 鞗旊硠 靸來櫂鞙茧 臧氻瀳氅�, 氇殞靷潣 氤挫瓿� DynaResource de Mexico SA de CV鞚� 欤检嫕 雼措炒 靹れ爼 霌� 雼措炒 臁办箻臧� 韽暔霅╇媹雼�.
DynaResource (OTCQX: DYNR) a obtenu une facilit茅 de cr茅dit renforc茅e et l鈥檈xtension d鈥檜n contrat d鈥檕fftake avec Ocean Partners UK Limited. La nouvelle facilit茅 de cr茅dit passe de 12,5 M$ 脿 15,0 M$, avec une p茅riode de gr芒ce de 6 mois sur le remboursement du principal et un taux d鈥檌nt茅r锚t de 3M SOFR + 6,75 %.
La soci茅t茅 a 茅galement prolong茅 son contrat d鈥檕fftake pour le concentr茅 d鈥檕r de la mine San Jose de Gracia jusqu鈥檃u 31 d茅cembre 2030, avec des conditions de paiement de l鈥檕r am茅lior茅es. La facilit茅 de cr茅dit sera rembours茅e en 18 mensualit茅s 茅gales apr猫s la p茅riode de gr芒ce et inclut des garanties, notamment une garantie de la soci茅t茅 m猫re et une mise en nantissement des actions de DynaResource de Mexico SA de CV.
DynaResource (OTCQX: DYNR) hat eine erweiterte Kreditfazilit盲t und eine Verl盲ngerung des Abnahmevertrags mit Ocean Partners UK Limited gesichert. Die neue Kreditfazilit盲t steigt von $12,5 Mio. auf $15,0 Mio., mit einer tilgungsfreien Zeit von 6 Monaten f眉r die R眉ckzahlung des Kapitals und einem Zinssatz von 3M SOFR + 6,75%.
Das Unternehmen hat au脽erdem seinen Abnahmevertrag f眉r Goldkonzentrat aus der San Jose de Gracia-Mine bis zum 31. Dezember 2030 verl盲ngert und die Goldauszahlungsbedingungen verbessert. Die Kreditfazilit盲t wird nach der Karenzzeit in 18 gleichen monatlichen Raten zur眉ckgezahlt und umfasst Sicherheiten wie eine Konzernb眉rgschaft und eine Aktienverpf盲ndung von DynaResource de Mexico SA de CV.
- Credit facility increased by 20% from $12.5M to $15.0M
- 6-month grace period on principal repayments provides improved cash flow flexibility
- Offtake agreement extended through 2030 with improved gold payability terms
- Competitive interest rate at 3M SOFR + 6.75%
- Additional debt burden with $15M credit facility
- Company assets pledged as security including subsidiary shares
Irving, Texas--(Newsfile Corp. - August 27, 2025) - DynaResource, Inc. (OTCQX: DYNR) ("DynaResource," or the "Company") is pleased to report the Company has entered into an updated agreement with Ocean Partners UK Limited ("Ocean Partners") for a credit line facility expansion and offtake extension.
The Concentrate Credit Line ("Credit Facility") replaces the previous agreement with Ocean Partners announced in June 2024 (see June 7, 2024 press release) increasing the amount from
In addition, the Company and Ocean Partners have entered into an amended agreement for the purchase of
Credit Facility Key Terms:
Size: Up to
$15 million in funding.Structure: Term credit facility.
Repayment Terms: 6-month grace period, then 18 equal month installments (months 7-24).
Competitive Interest Rate: 3M SOFR +
6.75% , payable monthly.Use of Proceeds: Repayment of existing advances, expansion capital, working capital and general corporate purposes.
Security: Parent company guarantee, general security agreement and a pledge of shares of Mexican subsidiary, DynaResource de Mexico SA de CV.
Offtake Commitment: Extended Offtake Agreement required for Credit Facility closing.
"We are pleased to announce this financial derisking milestone for the Company as it helps to improve working capital, and to continue to invest in critical mine development , positioning San Jose de Gracia for operational improvements and long-term growth," stated Rohan Hazelton, President & CEO of DynaResource. "We would also like to acknowledge our relationship with Ocean Partners, which has been our offtake partner and key stakeholder throughout the past 5 years, supporting the optimization and turnaround of the San Jose de Gracia Mine. These new agreements further reinforce our strong working relationship, demonstrating competitive terms, and providing security and confidence in our business plans to optimize operations and increase shareholder value."
On behalf of the Board of Directors of DynaResource, Inc.
Rohan Hazelton
President & CEO
About DynaResource
DynaResource, Inc. (OTCQX: DYNR) is U.S.-based junior gold mining producer focusing on the advancement of the high-grade San José de Gracia gold mine in Sinaloa, Mexico. The Company is actively mining and exploring operations within this historic district, which has produced over one million ounces of gold and remains significantly underdeveloped.
For Information on DynaResource, Inc. please visit , or contact:
Investor Relations:
Katherine Pryde, Investor Relations Manager
+1 972-869-9400
[email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Certain information contained in this news release, including any information relating to future financial or operating performance may be deemed "forward-looking". All statements in this news release, other than statements of historical fact, that address events or developments that DynaResource expects to occur, are "forward-looking information". These statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of DynaResource. These forward-looking statements reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to DynaResource. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding the Company's plans at the San Jose de Gràcia property. Many of these assumptions are based on factors and events that are not within the control of DynaResource and there is no assurance they will prove to be correct. Such factors include, without limitation: capital requirements, fluctuations in the international currency markets and in the rates of exchange of the currencies of the United States and México; price volatility in the spot and forward markets for commodities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local governments in any country which DynaResource currently or may in the future carry on business; taxation; controls; regulations and political or economic developments in the countries in which DynaResource currently or may in the future carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labor disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks) as well as those risks referenced in DynaResource's most recent annual report, and any subsequent quarterly and current reports, filed with the Securities and Exchange Commission. Forward-looking information is not a guarantee of future performance and actual results, and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although DynaResource believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. DynaResource expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, unless required by law.
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FAQ
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